African Rainbow Minerals (JSE:ARI) Dividend Payout Ratio : 0.80 (As of Dec. 2023)

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What is African Rainbow Minerals Dividend Payout Ratio?

African Rainbow Minerals's dividend payout ratio for the months ended in Dec. 2023 was 0.80.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of African Rainbow Minerals Ltd is 0.76, which seems too high.

The historical rank and industry rank for African Rainbow Minerals's Dividend Payout Ratio or its related term are showing as below:

JSE:ARI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.47 Max: 0.76
Current: 0.76

During the past 13 years, the highest Dividend Payout Ratio of African Rainbow Minerals was 0.76. The lowest was 0.13. And the median was 0.47.

JSE:ARI's Dividend Payout Ratio is ranked worse than
73.18% of 261 companies
in the Metals & Mining industry
Industry Median: 0.43 vs JSE:ARI: 0.76

As of today (2024-05-01), the Dividend Yield % of African Rainbow Minerals is 9.17%.

During the past 13 years, the highest Trailing Annual Dividend Yield of African Rainbow Minerals was 22.16%. The lowest was 1.64%. And the median was 6.11%.

African Rainbow Minerals's Dividends per Share for the months ended in Dec. 2023 was R12.00.

During the past 12 months, African Rainbow Minerals's average Dividends Per Share Growth Rate was -18.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 34.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 32.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 25.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of African Rainbow Minerals was 83.90% per year. The lowest was -23.50% per year. And the median was 23.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

African Rainbow Minerals Dividend Payout Ratio Historical Data

The historical data trend for African Rainbow Minerals's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

African Rainbow Minerals Dividend Payout Ratio Chart

African Rainbow Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

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0.43

0.50

0.26

0.55

0.74

African Rainbow Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.07	0.31	0.76	0.72	0.80

Competitive Comparison of African Rainbow Minerals's Dividend Payout Ratio

For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

African Rainbow Minerals's Dividend Payout Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, African Rainbow Minerals's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where African Rainbow Minerals's Dividend Payout Ratio falls into.

African Rainbow Minerals Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

African Rainbow Minerals's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	34	/	45.71
	=	0.74

African Rainbow Minerals's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	12	/	15.06
	=	0.80

African Rainbow Minerals (JSE:ARI) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

African Rainbow Minerals Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of African Rainbow Minerals's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

African Rainbow Minerals (JSE:ARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Rainbow Minerals Ltd (JSE:ARI) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

AFBOF:USA EB9:Germany

Address

29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196

Website

https://www.arm.co.za

African Rainbow Minerals Ltd is a South African diversified mining and minerals company. The group has various operating divisions: platinum, ferrous, coal, copper, and corporate. In addition, African Rainbow Minerals has an investment in gold through its shareholding in Harmony. Ferrous is the group's largest division, contributing roughly half of group revenue, closely trailed by the platinum division. The platinum division includes the Two Rivers Platinum Mine as a 51% subsidiary and an interest in the Modikwa Platinum Mine. The ferrous division comprises Assmang as a 50% joint venture, which includes iron ore, manganese, and chrome operations.